Jim Cramer: Macy's Downgrade by Morgan Stanley Is Hurting Kohl's

Macy's was downgraded by Morgan Stanley, which is hurting shares of Kohl's, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
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Macy's (M) - Get Report was downgraded by Morgan Stanley, which is hurting shares of Kohl's (KSS) - Get Report , according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

"I think that the [Morgan Stanley] piece has very little gravitas," Cramer said. 

Kohl's is a holding of Action Alerts PLUS.

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